FSM Wealth Advisors LLC Buys 3,895 Shares of Airbnb, Inc. $ABNB

Key Points

• FSM Wealth Advisors LLC increased its stake in Airbnb, Inc. by 135.7%, acquiring an additional 3,895 shares, bringing its total holdings to 6,765 shares valued at approximately $927,000.
• Several institutional investors reported significant increases in their positions in Airbnb, with 80.76% of the stock now owned by institutional investors and hedge funds.
• Analyst ratings for Airbnb are mixed, with a consensus rating of "Hold" and a price target of $141.81, while some analysts have upgraded or lowered expectations following recent changes in price targets.

FSM Wealth Advisors LLC raised its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 135.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,765 shares of the company's stock after acquiring an additional 3,895 shares during the period. FSM Wealth Advisors LLC's holdings in Airbnb were worth $927,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ABNB. GAMMA Investing LLC grew its stake in Airbnb by 98.9% in the first quarter. GAMMA Investing LLC now owns 5,115 shares of the company's stock valued at $611,000 after acquiring an additional 2,543 shares during the period. Flagship Harbor Advisors LLC boosted its position in shares of Airbnb by 54.4% during the first quarter. Flagship Harbor Advisors LLC now owns 8,845 shares of the company's stock worth $1,057,000 after buying an additional 3,116 shares during the period. Continuum Advisory LLC boosted its position in shares of Airbnb by 16.6% during the first quarter. Continuum Advisory LLC now owns 1,382 shares of the company's stock worth $165,000 after buying an additional 197 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Airbnb by 2.1% during the first quarter. Oppenheimer & Co. Inc. now owns 31,231 shares of the company's stock worth $3,731,000 after buying an additional 642 shares during the period. Finally, Valmark Advisers Inc. acquired a new position in shares of Airbnb during the first quarter worth about $481,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on Airbnb from $140.00 to $145.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Wedbush lowered their price target on Airbnb from $135.00 to $130.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Mizuho started coverage on Airbnb in a research report on Monday, September 29th. They set an "outperform" rating and a $151.00 price target on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Airbnb in a research report on Wednesday, October 8th. Finally, Phillip Securities upgraded Airbnb from a "moderate sell" rating to a "hold" rating in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $141.81.

Airbnb Stock Performance

Shares of ABNB opened at $128.38 on Thursday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The business's fifty day moving average is $124.36 and its 200-day moving average is $127.54. The firm has a market cap of $79.78 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.35 and a beta of 1.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.11. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the company posted $0.86 EPS. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $125.36, for a total transaction of $29,584,960.00. Following the transaction, the director directly owned 15 shares of the company's stock, valued at approximately $1,880.40. The trade was a 99.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 2,246 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the transaction, the insider directly owned 182,514 shares in the company, valued at $22,850,752.80. This represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,425,876 shares of company stock valued at $177,336,982 over the last 90 days. 27.91% of the stock is owned by corporate insiders.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.

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